You have quite a few assumptions in your accusation. 

First of all, he started in December 2013... and even if his strategy was primarily holding what he bought, it is quite presumptuous to assume that he is 2/3 in the hole at the moment.  Furthermore, if he has not cashed out yet, he has not locked in any loss pertaining to aspects of his portfolio still being held. 

Frequently it is forgotten, overlooked or even under credited that a part of any alternative investment serves as a hedge, whether its value goes up or down, that hedge was in place for the past couple of years.

You don't really seem to give up with your coming up with various FUD offerings.

In this case you seem to making a broad general statement without contextualizing specifics.  What the fuck matters regarding some alleged similar volume pattern when for one, they are two years removed from each other.. and bitfinex allows some creative low fee arrangements and bitfinex also allows quite a variety of marginal betting... which in the end becomes a BIG ... SO WhAT?   Apples and Oranges.







Your theory would be a whole hell-of-a lot more interesting if you were invested in a material way in Bitcoin, one way or another, rather than contributing with your supposed detached analysis. 

For the sake of mustering some form of credibility - rather than arm chair quarterbacking the situation, Go buy or sell a bitcoin, then likely many of us would take more interested in your  "theories."

People frequently will assert that Gox shenanigans caused the BTC market to go in one direction or another, yet neither is really clear and unambiguous.

In the end, it appears pretty clear that Gox did increasingly engage in a kind of fractional reserve banking of bitcoins to be trading coins that it did not in fact have in its possession.

So a bot created pumping is one thing to cause the price to go up, but a flooding of the market with non-existing coins, is another thing that causes the real price to go down....

I'm in the middle of reading this thread, and I find it to be very interesting.  Accordingly, I plan to read all the pages in this thread.


Before I read all of the pages, I would like to make an observation regarding what I currently recognize in the recent bitcoin price performance, and likely what a large number of bitcoiners are beginning to recognize in what seems to be a bitcoin price performance pattern, and that is that bitcoin prices have a tendency to overshoot on both the upside and the downside, and currently, there is no real evidence that this kind of price performance dynamic is going to change in the very near future.  

In fact, a couple of the only ways that we are going to witness some real and material changes in bitcoin's price performance dynamics is either for bitcoin to experience some real technical flaws in which its price would go down to zero, or bitcoin's market cap were to get into the trillions of dollars territories.

In this regard, there is always be some attempts to manipulate bitcoin prices, and the more money in it, then the bigger the players attempting their various manipulation strategies.

Accordingly, I find the assumptions of the poll price numbers in this thread to be a little bit flawed.  We certainly are going to feel various kinds of resistance all the way up to $1,000; however, psychologically and in real practice, we have already experienced a fairly significant time in the supra $1,000 price space.  In that regard, we will need to witness prices in the $3,000 to $5,000 arena, and yes psychologically and in practice, we likely gotta get through the $3k to $5k arena before we are going to be ready for $10k prices... so in that regard, presumptions of the poll of this thread seem to be a bit off to skip from the sub-$1k territory and to go all the way up to the $10k territory without any of the more likely and reasonable possibilities between $1k and $10k.

So in essence (TlDR), what I would like to assert is my belief that BTC prices will shoot past $1,000 and into the $3k to $5k territories.  Nonetheless I have little clue regarding an exact time-line for such - within 6-12 months would be nice... in the meantime, I do agree that we do somehow need to get above and beyond $400, $500, $600, etc etc...  before the price will shoot past te 4 digit figures, so to speak.

I believe that shorting had worked for him once, and now he believes that shorting is the best thing since sliced bread.

 

It should be noted that here we do not use huobi or any of the other no fees exchanges as our measure (indicator) of volume.  Surely, huobi's volume can be a factor; however, it is only one factor and needs to be discussed in context and/or taken with a large grain of salt.

Pic or it didn't happen.

If Bitpesa is pressured to no longer offer its value storage and transfer services (in part because there is a centralized player in which the government can target), then enter bitcoin.  With bitcoin, who are they going to go after, exactly?  seems a bit more difficult to attempt to shut down bitcoin.

By the time you made the above post, volume had picked up significantly....

Yes, agreeable that the prior 5 days had involved a very marked diminished volume; ... however, in the past more than 24 hours we have witnessed a considerable picking up of volume - accompanying this current rise from $317-ish to $369-ish... ... The initial rise in price from $317-ish to upper $330s did witness an increase in volume that really was not much to write home about - however in the past 10 hours has been pretty decent.   

I will give it to you that we cannot really know if volume from here out is going to shrivel away, and I will agree that if it shrivels from here, then we will probably experience more downward movement - possibly into the $320s

Yes, I suppose some of your various supposed balancing of various crypto investings could be relevant to this thread, that is if anyone really believes that you are doing more or less what you are asserting - in a kind of implication that any good could come to normal people by bouncing around between various shit coin alts. 

how's that working for you? 

On a related note, I wonder how you could be out, if you were never really in.... just a troll trying to hang with other bitcoiners... 

hahahahahaha

That's great.  It's a great and humorous substitute for the real deal - and maybe the best that we can accomplish at the moment

For a supposed bull, it seems a bit ironic why you are acting so jaded.   

Yes, there is a lot of manipulation going on in the various exchanges; however, I really doubt that the manipulation is totally controlled by a few whales, as your jaded and pessimistic post seems to imply. 

There are even limits to the extremes of the manipulations that are possible, including the extent to which they are able to push BTC prices in one direction or another with their various manipulations. 

If the various whale manipulators attempt to push too far in one direction or another, they will get powned, and they know it... but they also know a lot that they may be able to push and how much manipulation they can do (as compared with those of us who are more limited in our financial or bitcoin resources and unable to participate in such manipulatoin attempts).

I believe that was part of the motivation of my concern in the first place, and in essence I was wondering why I should pay an initiation fee (unless I am desparate) when the card issuer is already likely making pretty decent money from the various fees paid by the merchant.

If I were to receive a 5% discount or any other meaningful amount, then surely that could cause me to pay for such card under the belief that the card  will pay for itself.

hm?  Well, at this point, I am of the belief that such a card should be free.... so I will be holding out from requesting such a card for the reasons I stated earlier or until my mind is changed.

I received an e-mail from Coinbase notifying me of their shift card (debit card). 

Sure, I did not have a problem getting such a debit card; however, when I read that there is a $10 initiation fee, I decided against it.  Fuckers... 

For what reason do they need to charge for such a card? 

Call me a cheapskate, but I think that I will wait it out until either such issuance is free to me or there is some tangible (and/or financial) benefit that would cause me to earn back such $10 within a reasonable period of time.

For the most part, Stamp is the exchange leader when it comes to volume, so if you are getting your volume numbers from exchanges without fees, you are looking in the wrong place.

Accordingly, since huobi's volume is not reliably legit, I doubt that it is very accurate to assert that Huobi was leading "that pump."  correlation is not causation.

You are likely somewhat correct when you assert that none of us really know for sure about the short-term price direction of bitcoin, yet each of us can make certain preparations to buy if the price goes down and sell if the price goes up, to attempt to prepare for either direction and to continue to accumulate BTC, that is if you have any positive sense of the longer term future of bitcoin.

If you do not have any positive sense of the long term direction of bitcoin, then maybe it would be better to find another hobby that is a bit less frustrating - especially when it comes to some of the surprises and seemingly built in volatility at this relatively low market cap.

Only a few bulls believe the lone whale manipulator theories; however, thousands of bears like to propagate such myth and attribute such bullshit to the bulls and to act as if the bulls thought of this themselves.